Tag: source

BRUSSELS (Reuters) – Alphabet unit Google is likely to be hit with a third EU antitrust fine next week related to its AdSense advertising service, a person familiar with the matter said on Friday, with the sanction expected to be much smaller than previous fines. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File Photo The European Commission in 2016 opened a third case against the world’s most popular internet search engine by accusing Google of preventing third parties…

Image copyright Reuters Image caption Manning was found guilty of leaking thousands of military documents Former US intelligence analyst Chelsea Manning has been jailed for refusing to testify before an investigation into Wikileaks. A Virginia judge ordered her taken into custody until the grand jury’s work is finished or she decides to testify. Manning said she shared everything she knows during her court-martial. Manning was found guilty in 2013 of charges including espionage for leaking secret military files to Wikileaks, but her sentence was commuted. Manning told US District Judge…

FILE PHOTO: Renesas Electronics Corp’s logo is seen on its product at the company’s conference in Tokyo, Japan, April 11, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Automotive chipmaker Renesas Electronics Corp plans to halt production at six plants in Japan for a total of up to two months this year as it braces for a further slowdown in Chinese demand, a person briefed on the matter said on Wednesday. The company will halt most of the operations at the plants for month around May and again for a month around…

FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song (Reuters) – China’s customs authorities have accepted electric carmaker Tesla Inc’s plan to remedy problems with the clearance of imported cars, a source familiar with the matter told Reuters. Tesla shares fell more than 5 percent after financial publication Caixin reported earlier that China had suspended customs clearance for the company’s Model 3 sedans, citing various irregularities including improper labeling of the vehicles. The source did not…

(Reuters) – Chinese telecoms equipment company Huawei plans to announce a lawsuit against the United States government on Thursday on grounds related to a defense bill, a source with knowledge of the matter told Reuters. FILE PHOTO: The logo of China’s Huawei Technologies shines in the bright sun over the headquarters of the telecommunications giant in Duesseldorf, Germany, February 18, 2019. REUTERS/Wolfgang Rattay/File Photo Huawei is preparing to announce that it is suing the U.S. government in a court in Texas by challenging an addition to the U.S. National Defense…

Illustration photo of the Dianrong logo on the company’s website April 13, 2017. This logo has been updated and is no longer in use. REUTERS/Thomas White/Illustration SINGAPORE (Reuters) – Dianrong, one of China’s biggest peer-to-peer (P2P) lenders, is shutting down 60 of its 90 offline stores and laying off an estimated 2,000 employees, a source with direct knowledge of the matter told Reuters on Friday. The shrinking of Shanghai-based Dianrong comes amid Beijing’s multi-year crackdown on risky practices and excessive leverage in the financial system that has seen a wave…

A revelation from running back C.J. Anderson that Todd Gurley’s knee injury was more severe than the Los Angeles Rams thought — and disclosed — triggered an NFL request for more information from the team, a league source told Field Level Media. FILE PHOTO: Feb 3, 2019; Atlanta, GA, USA; Los Angeles Rams running back Todd Gurley (30) warms up before Super Bowl LIII against the New England Patriots at Mercedes-Benz Stadium. Mandatory Credit: Matthew Emmons-USA TODAY Sports Gurley was not on the Super Bowl injury report. He largely gave…

FILE PHOTO: The Huawei logo is pictured outside their research facility in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo BERLIN (Reuters) – The German government will probably not take a quick decision on whether to allow China’s Huawei to build Germany’s 5G network, a government source said on Tuesday. “There will probably not be a quick decision,” the source said. Huawei, the world’s biggest producer of telecoms equipment, faces intense scrutiny in the West over its relationship with the Chinese government and allegations of enabling state espionage. The…

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato DUBAI (Reuters) – Japan’s SoftBank Group has provided nearly half of the cash for Abu Dhabi’s state investor Mubadala Investment Co’s new $400 million fund investing in European start-ups, a source familiar with the matter said. Mubadala, which has committed to invest $15 billion in SoftBank’s Vision Fund, last week announced that Mubadala Ventures was planning to launch a $400 million technology-focused European fund this year. Softbank…

FILE PHOTO: A woman walks past a sign of station for Didi Chuxing in Beijing, China January 2, 2019. REUTERS/Jason Lee/File Photo SHANGHAI (Reuters) – Didi Chuxing will lay off 15 percent of its staff or about 2,000 people this year, a source said, marking the ride-hailing firm’s first major cut back as it grapples with regulatory scrutiny and public backlash over the murder of two of its users. Didi CEO Cheng Wei said at a meeting with management that the firm would focus on core mobility services and cut…